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The Slingshot Café

Multifunding_Slingshot_buscards_AVERY_BACK_PRINT READYOur blog, The Slingshot Café, is where CEO Ami Kassar gives valuable insights on the current small business trends and how they can impact your business. Read through our blog to learn more about small business loans, financing options and more.

 

A Possible Solution To The Small Business Collateral Crisis

Posted on: December 04, 2010

Over the past several weeks I’ve blogged and talked in the press about the collateral crisis facing small businesses.  Essentially, with the declined values in commercial and residential properties, most small business owners have little equity left in their real estate that they can use to support loans.  And they (and we) need these loans

Why Don’t Lenders Report on Their SBA Loan Declines?

Posted on: November 29, 2010

There have been  a lot of articles in the press lately about how the loan market is improving for small businesses.  Most of this information is backed up by banker surveys and statistics that don’t make any sense to me.  It seems like a well-coordinated effort to tell a story. Ultimately, there should be some

Small Business Lending: Let’s Deal With the Real Issues

Posted on: November 25, 2010

There is a lot of posturing going on in the small business lending space these days. The government is touting the benefits of their recent legislation, big banks’ p.r. machines are running on overdrive to convince the world that they’ve eased their credit standard, and merchant cash advance folks are driving hard to become a

CitiGroup joins Bank of America’s “Small Business Bandwagon”

Posted on: November 16, 2010

I recently blogged about Bank of America’s plans to hire “about” 1,000 small business bankers. It looks like the bank got such great public relations out of their announcement that CitiGroup quickly jumped on the bandwagon and announced that they’re going to hire “about” 200 small business bankers in local communities. So now that we’ve

Wall Street Journal: Get A Grip On Reality

Posted on: November 10, 2010

In a post in yesterday’s MarketWatch, http://www.marketwatch.com/story/banks-cant-make-anyone-borrow-2010-11-08 ,  Rex Nutting suggested that the problem in the credit markets is that small businesses don’t want to borrow money, and there is not much demand for loans out there. The article sites a Federal Reserve survey of lending officers of large lending institutions.  We invite Rex to come

Big Bank Challenge: Put Your Data Where Your Mouth Is

Posted on: November 08, 2010

We enjoyed reading Emily Maltby’s recent post in the Wall Street Journal, Some Players Still Sidelined in Lending Game. In this article, Emily points out that Wells Fargo issued $3.9 billion of loans to small businesses in the third quarter, Bank of America issued $5.7 billion of loans and Chase issued $2.7 billion of loans.

In Lending and Life: Honesty Wins

Posted on: November 08, 2010

At MultiFunding, we hear dozens of stories every week from small business owners.  Some are exhilarating and exciting, and others are sad and frightening.  What evolves is a very interesting barometer on small business across America. Some themes prevail.  With lost value in homes and commercial real estate, collateral is often tough to find.  And

A Challenge To My Venture Capital Friends

Posted on: November 03, 2010

Over the years of my career, I have constantly found myself entangled between two distinct worlds.  One is the world of techy entrepreneurs, angel investors, and venture capitalists.  The other is the world of main street business owners.  Both groups are trying to make a buck in their own way. While there are some similarities

Let’s start a collateral exchange

Posted on: October 29, 2010

One of the biggest struggles that small business owners face today when they are looking to borrow money – is coming up with enough collateral. Depreciated real estate values and stock accounts make it tougher and tougher for the small business owner to find the collateral they need to get the loan done.  At MultiFunding,

Bank of America pulls off yet another Small Business P.R. Stunt

Posted on: October 25, 2010

It’s been tough for Bank of America. So far this month, the shares are off 13%.  The reasons include the possibility that the bank will have to buy back billions in fraudulent mortgage loans as well as the adverse impact of new financial regulations. Despite all this, Bank of America is trying to show it